Business Intelligence or BI in general refers to the various
technologies, applications and practices that are used for
collecting, integrating, analyzing and presenting various business
information further helping in the decision making process. Certain
common functions of these technologies include online analytical
processing, reporting, analytics, process mining, complex event
processing, data mining, business performance management and
benchmarking among others. BI incorporates a variety of tools,
applications as well as methodologies for enabling organizations to
collect data from both internal and external sources. Managed
services involves the practice of outsourcing management
responsibilities as well as functions following a strategic method
for improvement in operations further curtailing expenses. Business
intelligence traditionally was an on premise software made by the IT
department whereas nowadays these solutions are increasingly accessed
through cloud along with businesses applications being remotely used
as a service provided by managed service providers for different
companies. The global market for business intelligence managed
services has been segmented on the basis of services, applications
and geography. Based on services, this market globally has been
segmented into professional and managed services. Telecommunications
and IT, healthcare, government and defense, BFSI, manufacturing and
retail & consumer goods among others form the various end use
industries based on which this market has been segmented.
Obtain Report
Details @
Global business intelligence (BI) managed services market
geographically has been segmented into Europe, Asia Pacific, North
America, Latin America and Middle East and Africa.
BI technologies can handle huge amounts of structured and
unstructured data for identification, development as well as creation
of new strategic business opportunities that has formed a major
driver for this market. All these technologies provides easy
interpretation of big data that further provide a competitive
advantage along with long-term stability to the businesses. BI as a
managed service has been used by different enterprises for supporting
various operational to strategic business decisions. Moreover,
handling of the crucial data by the managed service providers for a
specified period of time gives company a creative leverage by getting
access to the information as and when required that has further
positively impacted the growth of this market. With all the above
factors that has driven the market, it is the presence of certain
restraints that has posed challenges for this market globally. One
such important factor being the technological risk of the data being
accessed by other companies through the fraudulent practices of the
service providers that pose restrictions for the growth of this
market. Moreover, the advent of cloud based technology before these
services has also been another major restraint for this market.
Taking into account all these drivers and restraints, it is the
growth of technological applications for data analysis together with
cost effectiveness is expected to provide growth opportunities for
this market in the coming years.
Geographically, North America holds a substantial market for business
intelligence managed services globally. Besides easier access and
better efficiency, it is the growth of the big data market that has
been some of the leading causes to have a positive impact on this
market. Asia Pacific forms another major region for this market along
with accounting one of the fastest growth globally among other
regions. Japan, China and India has been some of the countries
contributing to the growth of this market. Rise in application of
businesses using managed service providers for timely access to the
business information along with growth of the big data market has
been some of the major reasons that has boosted this market in APAC
region.
Fill the form for
an exclusive sample of this report @
Some of the key players present in the global business intelligence
managed services market include Microsoft Corporation (The U.S.), SAP
SE (Germany), Tableau Software (The U.S.), Pentaho (The U.S.),
Microstrategy Inc. (The U.S.), Tibco Software (The U.S.), Sisense
Inc. (The U.S.), IBM Corporation (The U.S.), Oracle Corporation (The
U.S.), and Qlik Technologies (The U.S.) among others.
About Us :
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
No comments:
Post a Comment